"When such a statement hits the headlines of the international media, when state and public officials are sanctioned and they become members of a rather heavy list, it naturally worsens the country's investment image," managing partner of law firm BLB, Kakha Sharabidze told TV-program Business Course.
According to the lawyer's assessment, the political situation in Georgia has become so complicated in the last 6 months that investors no longer consider Georgia as an investment country and they are in observation mode.
"This will especially affect the capital markets, it is becoming more and more difficult to attract investment in the country.
There is no longer a forecast to be made, in the last 6 months, the political situation in the country has been confused and the information about Georgia has been characterized by very bad headlines, too many existing projects have been paused, too many projects were rejected by investors. They are observing the development of events. This is no longer a prediction, this is what is happening.
Do you remember any big company or any big project started recently? Our firm mostly serves investors, and is involved in international deals, and I want to tell you that according to our observation, the number of these deals has decreased," said Kakha Sharabidze.
